Stock Report: AngloGold Ashanti Ltd. (ADS) (AU) Report Updated: Nov 16, 2009  |  Print This Page

AngloGold Ashanti Limited engages in the mining, extraction, and production of gold in South Africa and internationally. As of December 31, 2008, the company owned seven deep-level and one surface mining operations in South Africa; eight gold mining operations in Africa; one operating gold mine in Australia; one operating gold mine in southwest of Colorado Springs, Colorado; two gold mining operations in Brazil; and one gold mining operation in Argentina. It also held interests in mining properties located in Mali, Ghana, Namibia, the northeast of the Republic of Guinea, and southwest of the town of Mwanza in the northwest of Tanzania. In addition, the company had proved and probable ore reserves of 74.9 million ounces of gold. AngloGold Ashanti also offers various by-products recovered as a result of the processing of gold ores, which include uranium, copper, sulphur, and silver. It has a strategic alliance with Thani Dubai Mining Limited to explore, develop, and operate mines in the Middle East and parts of north Africa; and a joint venture agreement with The De Beers Group to explore for and the mining of gold and other minerals and metals. The company was founded in 1944 and is headquartered in Johannesburg, South Africa.